181212 Huawei bail
Supporters hold signs and Chinese flags outside British Columbia Supreme Court during the third day of a bail hearing for Meng Wanzhou, the chief financial officer of Huawei Technologies, in Vancouver, on Tuesday December 11, 2018. Image Credit: AP

Washington: US President Donald Trump said on Tuesday he would intervene with the US Justice Department in the case against a Chinese telecommunications executive if it would help secure a trade deal with Beijing.

"If I think it's good for the country, if I think it's good for what will be certainly the largest trade deal ever made which is a very important thing, I would certainly intervene if I thought it was necessary" Trump said in a wide-ranging interview with Reuters in the Oval Office.

More on the Huawei case

At the request of US authorities, Huawei Technologies Co. executive Meng Wanzhou was arrested earlier this month in Vancouver on charges of violating U.S. sanctions against Iran.

She is the daughter of Huawei's founder and her detention, which comes amid an increasingly acrimonious trade dispute between Washington and Beijing, has angered China and soured its relations with both Canada and the US.

The arrest came the same day Trump and Chinese President Xi Jinping declared a 90-day truce in their trade war during summit talks in Buenos Aires.

Trump, who wants China to open up its markets to more American-made products and stop what Washington calls the theft of intellectual property, said he had not yet spoken to Xi about the case against Huawei's executive.

Meng, 46, faces U.S. accusations she misled multinational banks about Huawei's control of a company operating in Iran, putting the banks at risk of violating US sanctions and incurring severe penalties, court documents said.

If extradited to the United States, Meng would face charges of conspiracy to defraud multiple financial institutions. A Canadian court on Tuesday granted bail Meng while she awaits an extradition hearing Trump, who has made sanctions on Iran over its nuclear program a signature part of his foreign policy, was asked whether Meng could be released.

"Well, it's possible that a lot of different things could happen. It's also possible it will be a part of negotiations. But we'll speak to the Justice Department, we'll speak to them, we'll get a lot of people involved," he said.

Asked if he would like to see Meng extradited to the United States, Trump said he wanted to first see what the Chinese request. He added, however, that Huawei's alleged practices are troubling.

"This has been a big problem that we've had in so many different ways with so many companies from China and from other places," he said.

In the wake of his meeting with Xi in Buenos Aires, Trump said during the interview that trade talks with Beijing were underway by telephone, with more meetings likely among U.S. and Chinese officials.

He said the Chinese government was once again buying large quantities of U.S. soybeans, a reversal after China in July imposed tariffs on U.S. supplies of the oilseed in retaliation for U.S. duties on Chinese goods.

"I just heard today that they're buying tremendous amounts of soybeans. They are starting, just starting now," Trump said.

Commodity traders in Chicago, however, said they have seen no evidence of a resumption of soybean purchases by China, which last year bought about 60 percent of U.S. soybean exports in deals valued at more than $12 billion.